ASK AN EXPERT: TRAVEL & HOLIDAYS. You've got a few more days to add your travel & holiday questions for deals expert MSE Oli
MSE News: Energy price hikes for hundreds of thousands

1.7K Posts



in Energy
This is the discussion thread for the following MSE News Story:
"Some face rises of 23% which could add £186 a year to a typical bill as 14 cheap gas and electricity deals end this week ..."
"Some face rises of 23% which could add £186 a year to a typical bill as 14 cheap gas and electricity deals end this week ..."
0
This discussion has been closed.
Latest MSE News and Guides
Replies
Have any of these products really been 'pulled'?
Has anyone really been turfed off these deals?
Or is it simply a case that a wise decision in the past by certain customers to fix/cap rates has now come to it contractual end, an end date that customers knew about when they originally agreed to the deal?
If so, there are no 'price-hikes'; the deal they were on has now ended and they will have to search for a new deal (which your article explains how), or failing that get put onto a currently available tariff the supplier would have advised them of.
Needless to say, I am soon to become an ex-Atlantic customer.
It worked out I am about £56 a year worse off from now on, probably a little less after taking into the cashback for switching. I am happy to pay just over £1 a week more now on the gamble that prices will rise between now and 31/5/12 by more than this capped figure. Who can tell, its all a gamble but at least in the unlikely event of massive price falls in the price of gas/electricity, I could still pay a termination charge if I need to.
My gut feeling is that prices will jump greater than 5% over the next 14 months.